Bank failure · CO

Colorado National Bank (Colorado Springs, CO) — failed March 20, 2009

Colorado National Bank of Colorado Springs, Colorado was closed on March 20, 2009 and resolved through a purchase and assumption. Herring Bank (TX) took over its insured deposits. At failure it held $123.5M in assets and $85.2M in deposits. The FDIC's estimated loss on the failure is $12.7M (10.3% of assets).